Bloomin' Brands, Inc. (NASDAQ:BLMN) Shares Purchased by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC grew its position in Bloomin' Brands, Inc. (NASDAQ:BLMN - Free Report) by 58.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 691,585 shares of the restaurant operator's stock after buying an additional 254,570 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.82% of Bloomin' Brands worth $11,432,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BLMN. Dimensional Fund Advisors LP boosted its position in shares of Bloomin' Brands by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,553,719 shares of the restaurant operator's stock worth $49,105,000 after purchasing an additional 16,878 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Bloomin' Brands by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,529,130 shares of the restaurant operator's stock valued at $41,806,000 after purchasing an additional 147,895 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Bloomin' Brands in the 3rd quarter valued at $41,325,000. Victory Capital Management Inc. raised its holdings in shares of Bloomin' Brands by 29.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,492,119 shares of the restaurant operator's stock valued at $47,923,000 after purchasing an additional 569,855 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Bloomin' Brands in the 2nd quarter valued at $28,672,000.

Analyst Upgrades and Downgrades

BLMN has been the topic of several research analyst reports. Citigroup cut their price target on shares of Bloomin' Brands from $22.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Bloomin' Brands from $26.00 to $19.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on shares of Bloomin' Brands from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. UBS Group cut their price target on shares of Bloomin' Brands from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Finally, Bank of America cut their price target on shares of Bloomin' Brands from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 22nd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.70.

Bloomin' Brands Trading Down 0.6 %

Shares of NASDAQ:BLMN traded down $0.08 during trading on Wednesday, reaching $12.92. The stock had a trading volume of 1,647,233 shares, compared to its average volume of 1,530,119. Bloomin' Brands, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $30.13. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 4.46. The business has a fifty day moving average price of $15.19 and a 200-day moving average price of $17.38. The stock has a market cap of $1.10 billion, a P/E ratio of -117.45 and a beta of 1.95.

Bloomin' Brands (NASDAQ:BLMN - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Bloomin' Brands had a negative net margin of 0.12% and a positive return on equity of 62.18%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $0.44 earnings per share. Bloomin' Brands's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Bloomin' Brands, Inc. will post 1.8 earnings per share for the current fiscal year.

Bloomin' Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.96 annualized dividend and a yield of 7.43%. Bloomin' Brands's dividend payout ratio is currently -872.73%.

Bloomin' Brands Profile

Bloomin' Brands, Inc, through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse.